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Chrysler reportedly set to expand Toledo assembly plant

The Chrysler Group is planning to expand its Toledo, Ohio, assembly complex, adding a second shift and more than 1,100 jobs to the operation that currently builds the Jeep Liberty and Dodge Nitro SUVs, the Toledo Blade newspaper reported Thursday. The $365 million investment could be the first of several major expansions to Chrysler's Toledo operations, which also include production of the Jeep Wrangler at the nearby Toledo North Plant, the newspaper reported. The automaker disclosed the plans in documents filed in a city tax application that will be discussed by local officials at a meeting Thursday night, the report said.

Maserati looking at LaFerrari for MC12 successor

Maserati is looking into building a successor to the MC12 Stradale supercar based on the Ferrari LaFerrari, according to a report from Autocar. Maserati boss Harald Wester didn't confirm it to the British magazine, but admitted there is an opportunity. The new car would use the chassis and suspension components from the LaFerrari, but not its electric motor and KERS system.

Toyota drops plans for Electric Cars

Toyota has decided that there is little future for electric cars and has reigned in its plans to build battery electric vehicles. When you think of hybrid cars, you think of Toyota. But Toyota didn’t want to be left behind if battery electric cars strike a chord with buyers, so they were planning an extensive roll-out of the iQ EV – the Toyota eQ.